Fintech News Today: Top 10 Fintech News Stories for the Week Ending February. Read more
The 3 hot themes in fintech news this past week ended up being crypto, SPACs and acquire now pay later, akin to a lot of days so much this season. Allow me to share what I consider to be the top 10 foremost fintech news stories of the past week.
Tesla purchases $1.5 billion for bitcoin, plans to accept it as fee from FintechZoom.com? We kicked the week off which has the big news from Tesla that they had acquired $1.5 billion of bitcoin in January; bitcoin predictably soared on the information.
Mastercard to allow for Some Cryptocurrencies on Its Network coming from The Wall Street Journal? More good news for crypto investors as Mastercard indicated it is going to support several cryptocurrencies directly on its network as even more folks are utilizing cards to buy crypto as well as employing cards to spend their crypto.
Bitcoin to Come to America’s Oldest Bank, BNY Mellon coming from The Wall Street Journal? The nation’s oldest savings account gives us a trifecta of large crypto news since it announces that it will hold, transport and issue bitcoin along with other cryptocurrencies on behalf of its asset management clients.
Fintech News Today – Mobile bank MoneyLion to visit public through blank-check merger of $2.9 billion deal from Reuters? MoneyLion becomes the newest fintech to go on the SPAC bandwagon since they announced a $2.9 billion deal with Fusion Acquisition Corp.
OppFi is the most recent fintech to visit public through SPAC coming from American Banker? Opploans announced a rebrand to OppFi as they will in addition go public by merging with FG New America Acquisition Corp., an Illinois-based SPAC. (I am going to have much more on this and also the MoneyLion SPAC following week).
Ex-SoFi CEO Starts Blank-Check Company to Raise $250 Million offered by Bloomberg? Mike Cagney has decided to become a member of the SPAC bash as he files files with the SEC for Figure Acquisition Corp. I and intends to increase $250 million.
Klarna’s valuation set to triple to $30bln, tells you report from Fintech Futures? Privately contained Swedish BNPL giant is reportedly looking to raise $500 million at a $25b? $30b valuation. In addition, they announced the launch of savings account accounts in Germany.
Within The Billion Dollar Plan to be able to Kill Credit Cards offered by Forbes? Good profile on Max Levchin, CEO and co founder of Affirm, as well as the original days of Affirm in addition to how it evolved into a BNPL juggernaut.
Survey Reveals a hidden Customer Exodus in Banking from The Financial Brand? An intriguing worldwide survey of 56,000 consumers by Bain & Company demonstrates that banks are losing company to their fintech rivals even as they continue their customers’ core checking account.
LoanDepot raises simply $54M in downsized IPO out of HousingWire? Mortgage lender loanDepot went public this specific week in a downsized IPO that raised just $54 million after indicating at first they will boost over $360 million.
Fintech News Today: Top ten Fintech News Stories for the Week Ending February